Tag Archives: economy

Better times are coming (we hope)

Posted on July 25, 2011 by Charles Kuffner

So says City Controller Ronald Green in the Chron’s op-ed pages. Officially, the U.S. recession has ended. We have certainly rounded the corner here in Houston. And while there is a loss here of public sector jobs, the private sector … Continue reading →

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Does Perry get any credit?

Posted on July 18, 2011 by Charles Kuffner

What credit, if any, should Rick Perry get for Texas’ relatively good economic condition? This Statesman story aims to find out. As Gov. Rick Perry’s flirtation with running for president puts the Texas economy under a microscope, there’s no question … Continue reading →

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Austin braces for job losses

Posted on July 17, 2011 by Charles Kuffner

Ready or not, here they come. The Texas Education Agency said Tuesday that it is laying off 178 employees this week. Those are among the first of thousands of state government layoffs expected in the coming weeks. The TEA decision … Continue reading →

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Non-robust job numbers in Texas

Posted on June 28, 2011 by Charles Kuffner

As goes the country, so goes the state. The Houston area is showing signs of a slowdown after coming off some fairly strong job gains during the winter months. “It’s very consistent with the national pattern,” said Barton Smith, professor … Continue reading →

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City passes its budget

Posted on June 24, 2011 by Charles Kuffner

It wasn’t much different than the Mayor’s original proposal. The overall spending plan totals $4 billion, including $1.8 billion from the tax- and fee-supported general fund. The remaining $2.2 billion involves the city’s enterprise funds, such as the airport and … Continue reading →

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You may say to yourself “Well, how did I get here?”

Posted on June 7, 2011 by Charles Kuffner

What’s missing from this story? The city of Houston’s budget crisis that has resulted in 747 employees getting pink slips last month and likely will close pools and community centers did not happen overnight. It has been brewing for the … Continue reading →

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The city’s 2012 budget

Posted on May 22, 2011 by Charles Kuffner

Cuts, deferred payments, and more cuts. Mayor Annise Parker, facing what she described as the toughest fiscal environment in more than 20 years, on Thursday proposed a $1.8 billion budget that calls for laying off 747 employees, closing pools and … Continue reading →

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Property values decline again

Posted on May 1, 2011 by Charles Kuffner

Oddly, this is good budget news in the “we were expecting it to be worse” category. Local governments and school districts this year will suffer a second-straight year of sliding property tax revenues — their main source of revenue — … Continue reading →

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The Lege’s job killing budget

Posted on March 25, 2011 by Charles Kuffner

Do you think this is what all those people who came out to vote last November had in mind? The Legislative Budget Board, a nonpartisan state agency that helps lawmakers with budget numbers, predicts that House version of the 2012-2013 … Continue reading →

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Historic Houston closing its salvage warehouse

Posted on March 19, 2011 by Charles Kuffner

What a shame. LOCAL NONPROFIT Historic Houston is no longer accepting donations of building materials, and is closing its salvage warehouse and ending its salvage program, reports the organization’s founder and executive director, Lynn Edmundson. The organization stored and sold … Continue reading →

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Saturday video break: Why can’t a teacher be more like a banker?

Posted on March 5, 2011 by Charles Kuffner

Jon Stewart would like to know. The Daily ShowTags: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook Thanks to TPM for the catch.

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“Brutal” budget cuts proposed

Posted on March 5, 2011 by Charles Kuffner

This looks really bad. Mayor Annise Parker began to outline budget cuts on Thursday that could result in layoffs of more than 2,300 city employees, telling department heads that erasing an estimated $130 million gap will require “extremely tough, if … Continue reading →

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Budget cuts are bad for the economy

Posted on March 2, 2011 by Charles Kuffner

In case you missed this last week. Texas’ cuts-only approach to its budget shortfall won’t solve the state’s long-term fiscal problems, according to Standard & Poor’s, a major bond rating agency. “We believe that a balanced approach that includes both … Continue reading →

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Here comes Harris County’s budget

Posted on February 21, 2011 by Charles Kuffner

It’s as bad as you’d expect. A budget on its way to Harris County Commissioners Court on Tuesday would cut $138 million from current spending on roads, inoculating against disease, promoting economic development, constables’ patrols and performing other services. The … Continue reading →

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The California view of Texas’ budget situation

Posted on February 9, 2011 by Charles Kuffner

I figure the folks at the LA Times enjoyed themselves writing this story. Texas Gov. Rick Perry delights in telling tales of his California “hunting trips” — hunting for businesses ready to flee the Golden State. But the latest budget … Continue reading →

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About those Super Bowl economic projections…

Posted on February 6, 2011 by Charles Kuffner

You can pretty much throw them out the window. North Texas’ weeklong weather whipping is blunting the economic bonanza from Super Bowl XLV. The White Bluff Resort on Lake Whitney, about 70 miles south of Cowboys Stadium, and a sister … Continue reading →

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Happy talk about Texas employment

Posted on January 29, 2011 by Charles Kuffner

2010 was a better year for employment in Texas than 2009 was. Texas employers expanded payrolls by 20,000 jobs in December, the third straight month the state has gained jobs, according to data released Friday by the Texas Workforce Commission. … Continue reading →

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The national folks notice Texas’ budget situation

Posted on January 26, 2011 by Charles Kuffner

You’ve probably seen this by now, but just in case you haven’t, here it is. Texas Gov. Rick Perry likes to tell Washington to stop meddling in state affairs. He vocally opposed the Obama administration’s 2009 stimulus program to spur … Continue reading →

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From the “I told you so” department

Posted on January 17, 2011 by Charles Kuffner

Ladies and gentlemen, our former Comptroller: Comptroller Carole Keeton Strayhorn did not win friends five years ago when she warned Gov. Rick Perry and state lawmakers they were writing the “largest hot check in Texas history” during a tax overhaul … Continue reading →

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We have a number for the hole

Posted on January 11, 2011 by Charles Kuffner

There’s actually more than one number that can be used to accurately describe the state budget deficit, depending on what your perspective is, but however you look at it, it’s big and it’s no longer projected or theoretical. State Comptroller … Continue reading →

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Krugman on the Texas budget deficit

Posted on January 10, 2011 by Charles Kuffner

By now, you’ve probably seen Paul Krugman’s column about the Texas budget deficit. He uses it to make some great points about the failure of the conservative slash-and-burn approach, but he missed a couple of facts that make it all … Continue reading →

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The mandatory furlough plan

Posted on January 1, 2011 by Charles Kuffner

Happy New Year, city employees. Thousands of city of Houston employees will have to take six unpaid days off in the coming six months, one of a series of actions Mayor Annise Parker is taking to close a $29 million … Continue reading →

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You’re gonna miss it when it’s gone

Posted on December 16, 2010 by Charles Kuffner

So long, stimulus dollars. You were nice while you lasted. Texas’ $16.4 billion share of federal stimulus money winds down next year, a fading boon that will affect Houston jobs and research from the M.D. Anderson Cancer Center to the … Continue reading →

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Council shakeup

Posted on December 8, 2010 by Charles Kuffner

Things are getting mighty interesting down at City Hall. Mayor Annise Parker has parted ways with two major conservatives on the Houston City Council, removing Councilman Mike Sullivan from his role overseeing redistricting and accepting the resignation of Councilwoman Anne … Continue reading →

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Branch makes the case for stimulus spending

Posted on December 7, 2010 by Charles Kuffner

I don’t know if that’s what he intended, but it sure is what he did. State Rep. Dan Branch, R-Dallas, said Thursday that Texas should consider seizing one advantage from hard times, which would be to let universities lock in … Continue reading →

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City’s finance director leaves

Posted on December 5, 2010 by Charles Kuffner

Make of it what you will. City Finance Director Michelle Mitchell, a former Goldman Sachs veteran who has helped guide Houston through consecutive years of severe budget problems, is leaving her post. Mitchell said she offered her resignation Wednesday after … Continue reading →

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Do we or do we not have a structural deficit?

Posted on December 1, 2010 by Charles Kuffner

In this corner, State Rep. Mike Villarreal: In a kerfuffle involving two House members who really like to engage in detailed discussions of Texas’ tax system, Rep. Mike Villarreal, D-San Antonio, sent reporters a letter in which he told Rep. … Continue reading →

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There’s no such thing as a rainy day

Posted on November 24, 2010 by Charles Kuffner

Rainy Day Fund? What Rainy Day Fund? State budget writers will propose eliminating agencies, cutting others to a quarter of their current size and laying off state employees to balance the budget without raising taxes or using the state’s Rainy … Continue reading →

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The county’s financial picture is pretty grim, too

Posted on November 20, 2010 by Charles Kuffner

This, too, is ugly. County budget officials are looking for more than $130 million in spending cuts for the fiscal year that begins on March 1. Budget officials and county government department chiefs have three months to come up with … Continue reading →

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The city’s financial picture looks grim

Posted on November 17, 2010 by Charles Kuffner

It’s ugly. A draft of the fiscal 2012 budget, which begins in July, shows a projected shortfall of at least $118 million. For fiscal 2012 through fiscal 2015, the shortfall is an estimated $542 million. […] Several City Council members … Continue reading →

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Regent Square update

Posted on August 22, 2010 by Charles Kuffner

I drive down Allen Parkway several times a week, and I’ve been wondering when the Regent Square site, which has been vacant since the old Allen House was demolished in October of 2007, will begin construction. Ralph Bivins provides an … Continue reading →

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Sales tax revenues inch up

Posted on August 16, 2010 by Charles Kuffner

It’s better than the alternative, but still nothing to write home about. Sales tax receipts in July were up 2.2 percent compared to the same time the previous year, [Comptroller Susan] Combs said. Revenue increased $1.69 billion from July 2009, … Continue reading →

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Texas 20/20 on the budget

Posted on July 4, 2010 by Charles Kuffner

Via First Reading, a group called Texas 20/20 has taken a look at what other states have done to deal with their budget shortfalls, and how that may apply to Texas in next year’s legislative session. The author is former … Continue reading →

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How to really put the unemployed to work

Posted on July 2, 2010 by Charles Kuffner

Texas Workforce Commissioner Tom Pauken has the germ of a good idea here. Unfortunately, he’s incapable of seeing what it is, and so goes off a cliff with it. “Even in good economic times, there were people in Texas who … Continue reading →

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